Kardec Trader explains how emotions derail trades when you're unprepared, but confidence in Price Action, tape reading, and Order Flow lets you hold through setups. Plan your cost and risk before you enter.
And what I've learned. And this applies to everything in life. The more prepared and confident you have in something, the lower your emotions will be. The reason your emotions hijack you is because you're not confident in the play. You're not confident in reading what is going on. There's times I've been in positions where I wasn't confident and the play worked out perfectly to the way I thought it was going to work out and I just wasn't sure my emotions took over. But then there's days when reading Price Action, reading the tape, I'm reading Order Flow and I'm like, well, this is a fake out. This is buyers just spoofing everyone. Whatever the case is, I'm going to hold this. This is what Price is showing me. This is what the action is showing me. And I'm confident in my trade. I'm okay in holding through that trade. I also have a mentality that before I take any trade, I know what this trade is going to cost me.
